Major shareholder announcement

In accordance with section 30 of the Capital Markets Act H+H International A/S hereby announces that it has received the following major shareholder notifications:

-       A major shareholder notification from HSBC Holdings Plc that its controlled undertaking INKA Internationale Kapitalanlagegesellschaft mbH as per 1 July 2019 has reduced its total holding of shares in H+H International A/S to below 5% of the share capital and of the voting rights.

-       A major shareholder notification from Universal-Investment-Gesellschaft mbH, Germany, that it as per 1 July 2019 has acquired 996,870 shares in H+H International A/S via fund administration transfer corresponding to a total holding of 5.54% of the share capital and of the voting rights of H+H International A/S.

For further information please contact Michael T Andersen, CEO, or Bjarne Pedersen, Chief Strategy Officer, at telephone +45 35 27 02 00.

H+H’s core activity is the manufacture and sale of wall building materials, with a revenue in 2018 of DKK 2.5 billion. The main product lines are aircrete blocks and since 2018 calcium silicate units used for the residential new building segment. H+H has 29 factories in Northern and Central Europe and Northwest Russia with a total output of more than 4 million cubic metres of products annually and has a leading position in most of its markets. H+H has around 1,600 employees and is listed on Nasdaq Copenhagen.